Volo Protocol Hacked for $3.5M, Freeze on Affected Vaults

Volo Protocol, a liquid staking platform on the Sui blockchain, has suffered a $3.5 million security breach targeting three isolated vaults.

The attack involved assets held across three vaults, including Wrapped Bitcoin, Matrixdock Gold XAUm and USDC.

Volo said it detected the breach, immediately notified the Sui Foundation and ecosystem partners to contain the damage, and froze the affected vaults to prevent further exposure.

The protocol confirmed that approximately $28 million in total value locked across its remaining vaults was unaffected, with no shared vulnerability identified between the exploited vaults and the rest of the platform.